Over the last year, monthly reports have indicated that this could be a great year for Asheville area real estate sales. And now that the 2014 year-end numbers for Buncombe County and Black Mountain have been released, statistics confirm that this last year indeed was a very positive one. In both markets, figures confirm that the steady [...]

At Greybeard Realty, we monitor Asheville market news, always looking for indicators of how the housing market is growing. In the last month, we've seen some very interesting numbers that may foretell of further area growth in the coming [...]

The mid-year real estate sales numbers for Buncombe County are in and reflect solid growth for 2014. The housing market in the Asheville area continues to show steady gains with healthy increases across the board, and indications are that this positive trend should follow through the rest of the [...]

Rumors have begun to surface that the Obama Family have purchased an Asheville home for use after the President's second term ends. While the White House has not confirmed the news, it wouldn't be a complete surprise to those people who have followed the President's recent visits to [...]

2014 First Quarter Statistics

For the past few quarters, western NC real estate numbers generally have been positive. The first quarter numbers of 2014 continue to show that positive trend. As a matter of fact, for the first time, average home prices in both markets have ticked [...]

While some people consider 13 to be unlucky, followers of the Asheville real estate market will have to agree that 2013 was a very positive year for sales. Buncombe County and Black Mountain sales figures indicate that residential home sales have rebounded solidly from the lows several years ago.

In another sign of steady real estate growth in the Asheville area, statistics for land sales and residential building permits rose for the first three quarters of 2013.  These figures, when matched with the recent local [...]

The numbers are in for real estate sales for the 2013 third quarter, and the solid growth seen last quarter continues. In both Buncombe County and Black Mountain, positive numbers indicate a solid foundation for the real estate market as we move into the last quarter. With interest rates holding steady, we anticipate that the market will [...]

If you read the recent Greybeard blog on the increase in local construction permits, you may have wondered where all these new residential permits are being put to use. If the July MLS statistics on land sales are any indication, we may have found the answer.

Land sales in Asheville increased from 181 units sold year to date last year to 309 units for the same period in 2013. That represents a 71% increase for year to date from 2013. Black Mountain had a 20% increase year to date in land sales, from 15 units to 18 units. In terms of dollars sold, both Asheville and Black Mountain had increases that paralleled the number of units sold. Asheville showed a 69% increase while Black Mountain had a 23% increase.

One reason for this increase may be the tightening of supply of homes in the Asheville area market. As was discussed in a recent Greybeard blog on real estate trends, the number of homes on the market in the Asheville area is decreasing as well.  It may be that home buyers are becoming home builders to build the home of their dreams when they can't find it on the Asheville sales market.

Even with the large increases in land sales, the market has not returned to its peak of 2006. In that year there were 565 units sold year to date in Asheville and 54 land units sold in Black Mountain.  It will be interesting to track land sales over the next few months to see if the current trend holds. For more information, check out Greybeard's current market reports which updates frequently and will let you track Asheville market trends.

Ah, summer. Temperatures rise and so do home sales in the seasonal Asheville real estate market. That's why it is imperative that you consider equivalent months and year to date statistics when studying the area trends. Even a quick glance at the most recently released MLS numbers, however, indicates some very strong signs for 2013.